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Hodges Friday Fast Five

"In the investment business, you go to school every day, but never graduate." - Don Hodges

Friday Fast Five - 5/6/2022

by Hodges Investment Team, on May 6, 2022 8:00:00 AM

Five interesting things that Hodges Capital research analysts discovered this week...

#1 Earnings Season: With the 1Q22 earnings season now well underway, year-over-year earning growth among the S&P 500 reached an excess of 10%, according to Srategas. As widely anticipated, energy has been the most substantial sector for year-over-year earnings improvement, while financials have been the weakest.

#2 Time to Get Away? According to travel agency data from Airlines Reporting Corp., domestic roundtrip airfare between Memorial Day and Labor Day is expected to average $526, up more than 21% from 2019.

#3 Tanking Treasuries: This has been the worst start to the year for returning 10-year U.S. Treasuries since 1788, just before George Washington became president.

#4 Potash: Belarus and Russia control roughly 40% of the World's potash supply, a key input for agriculture production. As a result of the Russian invasion of Ukraine and global supply disruptions, demands for Canadian potash have increased exponentially, representing roughly 40% of the World's production.

#5 Used Cars: "There's plenty of demand. If the used vehicle prices fall back below $25,000, look out because there's a lot of cars are going to be sold. And a lot of those that are suffering that acquire a lot of cars on auctions are going to benefit in a big way". – Frank Dyke, President of Sonic Automotive.


Hodges Private Client is a program offered through Hodges Capital Management, Inc. (“HCM”). HCM is an Investment Advisory Firm registered with the Securities and Exchange Commission (“SEC”), is a wholly owned subsidiary of Hodges Capital Holdings and serves as investment advisor to the Hodges Funds. HCM is affiliated with First Dallas Securities, Inc, a broker-dealer, and investment advisor registered with the SEC.

This discussion is not intended to be a forecast of future events and should not be considered a recommendation to buy or sell any security. Past performance is not indicative of future results. Investing involves risk. Principal loss is possible. Investing in smaller companies involves additional risks such as limited liquidity and greater volatility. No current or prospective client should assume that information referenced in this communication is a recommendation to buy or sell any security or is a substitute for personalized investment advice from your individual advisor. HCM does not provide tax or legal advice. Consult your tax or legal advisor for any related questions.

All information referenced herein is from sources believed to be reliable and is provided as general market commentary and does not constitute investment advice. This material was created for informational purposes only and the opinions expressed are solely those of HCM. HCM shall not in any way be liable for claims and makes no expressed or implied representations or warranties as to the accuracy or completeness of the data and other information. The data and information are provided as of the date referenced and are subject to change without notice.

Hodges Friday Fast Five

We aim to help investors separate the news from the noise by providing our perspective. Every Friday the Hodges Private Client research analysts list the five most interesting things they discovered that week. Subscribe to receive the Hodges Friday Fast Five in your inbox every Friday. 

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